The post Why Litecoin (LTC) Price is Up Today? appeared first on Coinpedia Fintech News

In a volatile market, the price of Litecoin has recently risen. LTC Price defied the downward trend in the market by generating gains of 19% over the previous week to lead the top 100. The alternative currency increased by 13.7% over the previous day, rising from $61.53 to $70.10.

According to On-chain analytics, investors are holding $LTC. According to an analysis of Glassnode data, users are increasingly considering Litecoin to be a store of value. According to Santiment data, LTC had a daily profit volume of 153,000 on-chain transactions. On the other hand, the loss had a daily on-chain transaction volume of 163,000.

The social engagement and mentions Metrics hint that the altcoin maintained a favorable position, according to the LunarCrush statistics. Platform suggested that despite being in 98th place, the increase in social levels has impacted LTC’s market reaction.

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